

Most central banks spend less than 20% of their IT budget on security
Average spend was 16% of IT budget
Central banks that responded to the Fintech & IT Benchmarks 2021 spend an average of 16% on cyber security. One institution allocated just 3% of their budget to this, while at the other extreme, one spent 42%.
Central banks in the Americas and Europe allocated 9% and 10% of their budgets to cyber security, respectively. Those in Africa spent an average of 25%. Asian institutions earmarked the largest percentage of their budgets – 31%.
//
BEHIND THE DATA: Fifteen central banks responded
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]